Winslow Capital Management LLC Lowers Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Winslow Capital Management LLC lowered its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 4.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,204,989 shares of the company’s stock after selling 53,485 shares during the period. Winslow Capital Management LLC owned about 0.49% of Hilton Worldwide worth $297,825,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Principal Financial Group Inc. increased its stake in Hilton Worldwide by 15.3% during the 3rd quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company’s stock worth $2,479,354,000 after buying an additional 1,429,537 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Hilton Worldwide by 13.2% in the fourth quarter. JPMorgan Chase & Co. now owns 7,898,986 shares of the company’s stock worth $1,952,314,000 after buying an additional 919,424 shares in the last quarter. Geode Capital Management LLC raised its holdings in Hilton Worldwide by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 5,910,042 shares of the company’s stock valued at $1,456,893,000 after acquiring an additional 67,292 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Hilton Worldwide by 7.8% in the 4th quarter. Franklin Resources Inc. now owns 4,411,500 shares of the company’s stock worth $1,090,346,000 after acquiring an additional 320,550 shares during the last quarter. Finally, Jennison Associates LLC increased its holdings in shares of Hilton Worldwide by 5.1% during the 4th quarter. Jennison Associates LLC now owns 3,399,270 shares of the company’s stock worth $840,164,000 after buying an additional 164,461 shares during the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Insider Activity at Hilton Worldwide

In related news, insider Christopher J. Nassetta sold 40,653 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $268.83, for a total transaction of $10,928,745.99. Following the transaction, the insider now directly owns 77,383 shares of the company’s stock, valued at approximately $20,802,871.89. The trade was a 34.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 2.50% of the company’s stock.

Analyst Ratings Changes

HLT has been the topic of a number of recent analyst reports. Barclays upped their target price on shares of Hilton Worldwide from $270.00 to $287.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Morgan Stanley upped their price target on Hilton Worldwide from $265.00 to $274.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. JPMorgan Chase & Co. lifted their price objective on Hilton Worldwide from $219.00 to $226.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. The Goldman Sachs Group increased their target price on Hilton Worldwide from $247.00 to $277.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Finally, Truist Financial cut their price target on shares of Hilton Worldwide from $258.00 to $251.00 and set a “hold” rating on the stock in a research note on Friday, March 21st. Eleven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $254.56.

Hilton Worldwide Price Performance

NYSE HLT opened at $200.62 on Wednesday. The company has a 50-day moving average of $245.34 and a 200-day moving average of $244.66. Hilton Worldwide Holdings Inc. has a 12 month low of $193.86 and a 12 month high of $275.22. The company has a market cap of $48.07 billion, a P/E ratio of 32.62, a P/E/G ratio of 2.86 and a beta of 1.19.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.09. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. As a group, equities research analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 21st were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.30%. The ex-dividend date of this dividend was Friday, February 21st. Hilton Worldwide’s payout ratio is currently 9.76%.

Hilton Worldwide Profile

Hilton Worldwide Holdings Inc, a hospitality company, engages in managing, franchising, owning, and leasing hotels and resorts. It operates through two segments, Management and Franchise, and Ownership. The company engages in the hotel management and licensing of its brands. It operates luxury hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, and Conrad Hotels & Resorts brand; lifestyle hotels under the Canopy by Hilton, Curio Collection by Hilton, Tapestry Collection by Hilton, Tempo by Hilton, and Motto by Hilton brand; full service hotels under the Signia by Hilton, Hilton Hotels & Resorts, and DoubleTree by Hilton brand; service hotels under the Hilton Garden Inn, Hampton by Hilton, and Tru by Hilton brand; all-suite hotels under the Embassy Suites by Hilton, Homewood Suites by Hilton, and Home2 Suites by Hilton brand; and economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.